"German Chancellor Angela Merkel said she expects turbulence in 2012 as she does "everything" to save the euro and end Europe´s sovereign debt crisis". "The path to overcoming this won´t be without setbacks but at the end of this path Europe will emerge stronger from the crisis than before," Merkel said in a New Year´s television speech yesterday. She also said 2012 "will no doubt be more difficult than 2011".German leaders will be working relentlessly to bring all of the EU more tightly together into one state under their iron and self-serving fist. No price that is required of other stuggling countries - whethere economically or in terms of their national self-respect - will be considered by her to be too high for them to pay towards this end....German Chancellor Angela Merkel said she expects turbulence in 2012 as she does "everything" to save the euro and end Europe´s sovereign debt crisis." ... The problem is she and har your colleagues' reprehensible inactivity in the face of this crisis that is causing the very turbulence of which she complains. However, a weak Euro against the US Dollar is doing wonders for the German export industry, so she's more than happy, whithout saying it !The reality is : Only with the backdrop of the "crisis" can governments continue to get the people to swollow the necessary pills to cure the ills (caused by the governments). Without the pain they will spit it out. Thus, the crisis is a necessary tool to realign the reality of their budgets and get all in lock-step.
11 comments:
Cuts have barely touched the general population.
The printing of money has only delayed the inevitable, and the inflation that it will generate has still to arrive.
The whole of the Western political process is owned by the banks, and until that is changed no amount of talking or printing will succeed.
I get out of bed with a hangover, turn laptop on and am met with a really depressing headline. Could you not have led with something more upbeat for the 1st day of a new year so we could kid ourselves a bit longer that things will get better? *sigh...
I'm going back to bed, back to work tomorrow :(
There will be more hardships and sacrifices.
But not for, or by, the incompetent politicians or greedy swine responsible for this disaster. Of that you may be certain. The poor and powerless will be the ones punished.
The Greek prime minister, Lucas Papademos, spelled out a continuation of harsh austerity measures, while the Italian president, Giorgio Napolitano, warned that sacrifices would have to be made if the country was to avoid "financial collapse".
The French president, Nicolas Sarkozy, said people had to be "courageous" when facing the challenges ahead. "I know that the lives of many of you, already tested by two difficult years, have been put to the test once more. You are ending the year more worried about yourselves and your children," he said, adding: "This unprecedented crisis, which is without doubt the worst since the second world war, is not over".
Yep, for the 99% it was a hard candy Christmas.
But for the 1%----the only ones who Cameron, Merkel, Sarkozy and Papademos care about----it's all caviar and Perrier-Jouët’.
left 26 year ago, so it's not my problem, and I suggest that anyone who does not want to spend the next five to ten years paying off the bankers debts, should up and leave also, there are plenty of place's in the world that are not affected, why waste you life paying off a bankers greed and criminality.
The alternative is to just tell the bankers to get stuffed, and start a new sovereign banking system, cancel the FED and all central banks and charge about 5000 people with economic treason.
Oh, and get rid of the Rothschild's, in totality, seize their ill gotten gains and cancel the debt in one fell swoop.
But like I said, not my problem.
I wonder whom Merkel adresses with this message: The domestic audience or the one abroad? So far the crisis hasn't affected the daily life of Germans at all...so does she mean we will get to feel any effects this year or does she mean that the others (Greece, Italy, Spain etc.) will get to feel even more of this crisis than in 2011? Or maybe both?
It's going to get worse before it gets better, that an inevitability.
There will be a recession in Europe, we might get a 'technical one' as a result but hopefully this will provide the catalyst for a small managed break up with e.g. Greece leaving - then Germany providing more cover for the weaker economies.
It's really starting to get on my tits now - but I do think by the end of next year things will be looking up, don't forget by then the french will have had their elections for instance.
I think Britain will be in a good position, the only danger for us is that there is a catastrophic break up and that our currency becomes like the petro currency of the early 80's sky rocketing and damaging our exports.
Just hope these bloody bureaucrats can pull their fingers out
What's the matter with you europhobe dinosaurs?
Merkel is as much of a socialist as you are an intellectual heavy weight. She's a member of the conservative party of Germany. The only difference between German and British conservatives is: they still have a social consciousness and don't rely on a rabid right wing media to give them an 'opinion'.
If you would have ever been to Germany, then you would have found out that it's a far more equal and civilised country than the UK will ever be. Or maybe you have and that's the reason why you hate it so much...
But why am I not surprised to find an entirely predictable comment from people like you?
The crisis in the eurozone is like cancer and to this end it doesn't matter whether they try and fix it with sticking plasters or radical surgery , it's going to kill the Euro in a long lingering painful death.
Better for team Merkozy to abandon it to it's fate now and get it over with quickly.
Never mind the doomsayers "decades of austerity" give it 4 to 5 years and the cycle of world economics will have righted itself!
More from Euro 'Leaders' who are determined to save a political vanity project at any cost.
Can anyone remember the last time a politician claimed that saving the euro was in the interest of the people? Nope, me neither. The European people's future is being ripped up in front of their eyes by these politicians who would rather see millions suffer than admit to a mistake.
As the following article in Der Spiegel International shows, at least some of the German media knows that this Eurozone house of cards is built on sand; also that Germany's own government is either deluded or knowingly deceiving its own people. I really hope more of the truth is told so that politicians can be brought back into line democratically in each individual nation. Otherwise I fear that disaster and conflict looms in Europe once again as its people will surely rage against this shameful erosion of their freedoms.
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